Available

10212-10222 E Colfax Avenue

Denver, CO 80010

Price

$1,799,000

Cap Rate: 6.90%

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Multi-Tenant Retail Denver MSA

Blue West Capital is pleased to exclusively offer for sale a multi-tenant retail property located in Aurora, CO (Denver MSA). All three leases are triple net with annual increases, showcasing the stability and income potential of the investment. The seller has leased all units themselves with minimal marketing efforts, underscoring the high demand from tenants at this property.

Located at 10212-10222 East Colfax Avenue, the property consists of a strong mix of service-based retailers that have great synergies with the local community. Additionally, the property sits on a large parcel featuring ample off-street parking with 31 spaces, enhancing convenience for customers.

Situated in a densely populated and affluent neighborhood, the subject property benefits from a sizable market of 178,000 residents and an average annual household income of $91,600 within a three-mile radius. Its strategic positioning just west of a Walmart Neighborhood Center further strengthens its appeal, drawing additional traffic to the area.

Moreover, the property enjoys proximity to downtown Denver, a mere six miles away, allowing it to capture inbound and outbound traffic along East Colfax Avenue, the primary east/west thoroughfare through downtown. This segment of East Colfax Avenue sees over 34,100 vehicles daily.

The combination of strong demographics, strategic location, and a diverse mix of service-based tenants, makes this an attractive investment opportunity.

Investment Highlights

  • 100% occupied with triple net leases – 80% of the rent roll has below market rents
  • Large lot with 31 off street parking spaces
  • All three tenants have extended their leases in recent years showing commitment to the site
  • Seller has leased all units themselves with minimal marketing efforts, underscoring the high demand from tenants at this property
  • All leases have annual increases

Location Highlights

  • 178,000 residents and an average annual household income of $91,600 within three miles
  • Located directly west of a Walmart Neighborhood Center which brings additional traffic to the trade area
  • Six miles from downtown Denver
  • Captures inbound and outbound traffic along East Colfax Avenue, the primary east/west thoroughfare through downtown

We are ready to assist you.

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031